EBRD Grants $17.5M Loan To Techno Cable Group To Boost Uzbekistan’s Green Energy Infrastructure, Expand Copper & Aluminium Cable Production, And Support ‘Uzbekistan 2030’ Strategy

The European Bank for Reconstruction and Development (EBRD) is extending its support to Uzbekistan’s efforts to expand green energy infrastructure and achieve its long-term decarbonisation goals by financing Techno Cable Group (TCG). TCG is a leading local manufacturer that produces copper and aluminium electrical cables used in electricity infrastructure as well as renewable energy projects.

At present, TCG manufactures more than 3,000 types of electrical cable products, including a wide variety of polyvinyl chloride insulated cables. To strengthen its operations and growth, the company will receive a senior loan of up to US$17.5 million from the EBRD. The funding will be directed toward capacity expansion and working capital requirements. Specifically, the investment will enable TCG to purchase advanced cable- and wire-manufacturing equipment along with raw materials necessary for cable production.

With this modernisation, TCG is set to increase its copper-wire production capacity by 160 percent and its aluminium-wire output by 230 percent. The expansion will also allow the company to diversify its product range and start exporting its products to new markets, including the European Union. This step supports Uzbekistan’s “Uzbekistan 2030” strategy, which prioritises tripling domestic copper production. By supplying more electrical cables, TCG will play a key role in strengthening the national electricity grid, advancing industrialisation, and driving electrification across the country.

The project will also focus on digital transformation within TCG. Backed by EBRD support, the company will work to modernise its accounting practices and improve efficiency in business operations such as finance, human resources, supply chain management, and production processes. An enterprise resource planning (ERP) system will be introduced as part of this effort, supported by technical cooperation funds provided by the EBRD.

Another important component of the project is human capital development. TCG will launch internship programmes for students from two local universities. This initiative aims to build a stronger talent pipeline, provide young professionals with practical experience, and enhance the long-term technical capabilities within Uzbekistan’s cable manufacturing industry. To date, the EBRD has invested close to €5.33 billion in Uzbekistan across 186 projects, with the majority of funding directed toward supporting private enterprises. For the last five consecutive years, Uzbekistan has been the leading recipient of EBRD investment in Central Asia.